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Fiscal Discipline in a Decentralised Administration: The Spanish Experience

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  • Miguel Miaja

Abstract

This article analyses the experience of the Spanish government in achieving financial equilibrium between 1998 and 2003 and the institutional mechanisms for maintaining budget stability. Spain has a high degree of fiscal decentralisation; thus compliance with the budget discipline requirements of the European Stability and Growth Pact is somewhat complex. To ensure that all levels of government contribute to fulfilling Spain’s commitments under the SGP, budget stability legislation was passed in 2001. Main features are the prominent role of the central government in setting objectives and the responsibility of all levels of administration for those objectives. Though the public sector deficit has been significantly reduced in the period under study, some reforms to the legislation are currently being envisaged.

Suggested Citation

  • Miguel Miaja, 2006. "Fiscal Discipline in a Decentralised Administration: The Spanish Experience," OECD Journal on Budgeting, OECD Publishing, vol. 5(2), pages 39-54.
  • Handle: RePEc:oec:govkaa:5l9vdh048kq3
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    File URL: http://dx.doi.org/10.1787/budget-v5-art10-en
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    Cited by:

    1. Giuriato, Luisa & Gastaldi, Francesca, 2008. "The Domestic Stability Pact: Assessment of the Italian experience and comparison with the other EMU countries," MPRA Paper 14455, University Library of Munich, Germany.
    2. Roberto Fernández Llera & María A. García Valiñas, 2013. "The Role of Regional Public Enterprises in Spain: Room for a Shadow Government?," Hacienda Pública Española, IEF, vol. 205(2), pages 9-31, June.
    3. Giuriato, Luisa & Gastaldi, Francesca, 2009. "The domestic stability pact in Italy: a rule for discipline?," MPRA Paper 15183, University Library of Munich, Germany.

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